Oje Corporation (AOJE.US) plans to list on the US stock market. The China Securities Regulatory Commission requires additional clarification on matters such as the compliance of the equity structure.
On June 6, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filing, requiring Aoji shares to provide supplementary explanations on the compliance of the company's equity control structure.
On June 6th, the China Securities Regulatory Commission (CSRC) announced the requirements for supplemental materials for overseas issuance and listing filing disclosure (from May 30th, 2025 to June 5th, 2025). The CSRC required AOJE Inc. (AOJE.US) to provide explanations on the compliance of the company's equity control framework establishment, pricing basis and reasonableness of newly added shareholders' investment prices within 12 months, and other related matters. It is reported that AOJE Inc. is steadily advancing the process of listing in the United States and plans to list on the NASDAQ.
The CSRC requested AOJE Inc. to provide explanations on the following matters, and requested lawyers to verify and provide clear legal opinions:
1. Please explain the compliance of your company's equity control framework establishment, including but not limited to the specific situations of various entities involved in construction and return investment complying with foreign exchange management, overseas investment, foreign investment, and tax supervision procedures, whether it is in compliance with the law; the means of payment obtained by the issuer from the domestic entity Yingtan Tuoxin Mechanical and Electrical Co., Ltd. and its compliance, the tax declaration and payment by the transferor in the equity transfer process, whether it complies with the "Regulations on the Acquisition of Domestic Enterprises by Foreign Investors"; please list the corresponding shareholding ratios of shareholders at the company level and the issuer level of Aojiyingke (Suzhou) New Materials Co., Ltd.
2. Please explain the basis and reasonableness of the pricing of newly added shareholders' investment prices within 12 months for your company.
3. Please explain whether your company belongs to the "high energy-consuming" and "high emission" industry, and verify whether the existing, under construction, and planned projects belong to "high energy-consuming" and "high emission" projects.
According to the information, AOJE Inc. is mainly engaged in the research, development, production, and sales of antibacterial environmental protection new materials. Headquartered in the Hongxin Industrial Park in Fenhu High-tech Zone, the company has an independent design, development, production, and sales system, a production base of over 450,000 square meters in Guxi Economic Development Zone in Jiangxi, and over 100 patented products. The company's products are exported to over 70 countries and regions worldwide, forming a dense sales network around the world.
RECOMMEND

Goldman Sachs Introduces China’s “Top Ten Giants” to Rival the U.S. “Magnificent Seven”
17/06/2025

Government Subsidies and Pricing Tactics Draw Scrutiny During 618 Festival: Midea Accused of Price Manipulation
17/06/2025

Profitability Remains Strong: Four Key Characteristics Behind Winning Hong Kong IPOs
17/06/2025